Axcelis Technologies, Inc. $ACLS Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 9.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 972,162 shares of the semiconductor company’s stock after acquiring an additional 85,407 shares during the period. Victory Capital Management Inc.’s holdings in Axcelis Technologies were worth $90,243,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACLS. American Century Companies Inc. raised its stake in Axcelis Technologies by 45.5% during the 2nd quarter. American Century Companies Inc. now owns 1,659,463 shares of the semiconductor company’s stock valued at $115,648,000 after acquiring an additional 518,968 shares in the last quarter. Reinhart Partners LLC. raised its position in shares of Axcelis Technologies by 6.0% during the 3rd quarter. Reinhart Partners LLC. now owns 1,610,332 shares of the semiconductor company’s stock worth $157,234,000 after buying an additional 91,788 shares in the last quarter. Primecap Management Co. CA boosted its holdings in shares of Axcelis Technologies by 2.1% in the second quarter. Primecap Management Co. CA now owns 852,296 shares of the semiconductor company’s stock valued at $59,397,000 after acquiring an additional 17,230 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Axcelis Technologies by 7.5% during the first quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company’s stock valued at $31,560,000 after acquiring an additional 44,275 shares during the period. Finally, Boston Partners raised its holdings in Axcelis Technologies by 42.3% during the second quarter. Boston Partners now owns 474,043 shares of the semiconductor company’s stock worth $33,616,000 after purchasing an additional 141,004 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Insider Activity

In other news, Director Jorge Titinger sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $86.05, for a total value of $172,100.00. Following the transaction, the director owned 7,477 shares in the company, valued at $643,395.85. This represents a 21.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Gerald M. Blumenstock sold 3,034 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $89.46, for a total transaction of $271,421.64. Following the completion of the sale, the executive vice president directly owned 18,661 shares of the company’s stock, valued at $1,669,413.06. This trade represents a 13.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 6,034 shares of company stock worth $523,522. Company insiders own 0.48% of the company’s stock.

Axcelis Technologies Price Performance

Shares of NASDAQ:ACLS opened at $86.62 on Thursday. The company’s fifty day moving average is $87.98 and its two-hundred day moving average is $85.88. The company has a market cap of $2.66 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 10.27 and a beta of 1.78. Axcelis Technologies, Inc. has a 12-month low of $40.40 and a 12-month high of $102.93. The company has a quick ratio of 3.11, a current ratio of 4.77 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Tuesday, February 17th. The semiconductor company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.12 by $0.37. The business had revenue of $238.33 million during the quarter, compared to analysts’ expectations of $215.04 million. Axcelis Technologies had a return on equity of 13.73% and a net margin of 14.33%.Axcelis Technologies’s revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.54 earnings per share. Axcelis Technologies has set its Q1 2026 guidance at 0.710-0.710 EPS. Equities analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ACLS has been the topic of several research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Axcelis Technologies in a research report on Monday, December 22nd. Bank of America raised their target price on shares of Axcelis Technologies from $90.00 to $100.00 and gave the stock an “underperform” rating in a report on Tuesday, January 13th. Wall Street Zen lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Zacks Research lowered Axcelis Technologies from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Finally, B. Riley Financial reduced their target price on Axcelis Technologies from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $101.50.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc is a leading developer and manufacturer of ion implantation and cleaning equipment used in the fabrication of semiconductor chips. The company specializes in high-current, medium-current and high-energy ion implantation systems, which are critical for introducing precisely controlled dopants into silicon wafers. Axcelis also offers plasma-based cleaning and dry strip tools that support advanced process nodes in logic, memory and power device manufacturing.

The company’s product portfolio encompasses single-wafer and multi-wafer cluster tools designed to deliver high throughput, accuracy and uniformity for semiconductor process steps.